Hanwha Qcells and Summit Ridge Energy expand partnership with 2GW solar commitment and collaboration on ESS projects
The new deal builds on an existing partnership and marks the largest community solar purchase in U.S. history
Summit Ridge Energy uses panels manufactured in the U.S. by Hanwha Qcells for its community solar project in Momence, Illinois.
Hanwha Solutions Qcells Division (Hanwha Qcells), a global leader in complete clean energy solutions, has expanded its partnership with Summit Ridge Energy (SRE), the leading commercial solar company in the United States. Hanwha Qcells recently signed an agreement with SRE to supply an additional 800 megawatts (MW) of solar panels, for a total of 2 gigawatts (GW) by 2027. Additionally, the two companies will collaborate on energy storage system (ESS) projects.
The agreement builds on an existing 1.2-GW relationship between the two organizations, which was announced when U.S. Vice President Kamala Harris visited the Hanwha Qcells Dalton factory in April 2023. Increasing the total commitment to 2 GW makes it the largest domestic community solar purchase in U.S. history and will allow SRE to pursue more than 100 additional community solar projects across the country. The majority of the solar panels purchased under this deal will be produced at Hanwha Qcells’ new U.S. manufacturing facility located in Georgia.
“Hanwha Qcells is recognized for its capabilities in solar energy manufacturing and system development, and it has secured orders for integrated solutions — including hardware such as modules and battery ESS (BESS) and software,” said Justin Lee, CEO of Hanwha Qcells. “We will continue to develop more competitive and comprehensive solutions that amplify synergy while meeting the needs of more customers.”
As the preferred supplier for ESS projects led by SRE, Hanwha Qcells will handle the procurement and supply process for ESS equipment and provide its proprietary energy management system (EMS) software solutions. EMS software optimizes ESS operations by considering various factors such as energy consumption patterns and power price fluctuations. Hanwha Qcells will continue to develop EMS software utilizing AI technology to help customers increase energy efficiency and help power plants improve price competitiveness.
“We are excited to expand our partnership with Qcells, which enables SRE to deliver on our promise of giving more Americans the opportunity to power their homes and businesses with locally generated clean energy,” said Brian Dunn, Chief Operating Officer of SRE. “Through our Qcells partnership, we are able to support domestic manufacturing and job creation, while simultaneously bringing low-cost clean energy to communities that have historically been left out of the clean energy transition.”
A Summit Ridge Energy ESS project located in New York, U.S.
Hanwha Solutions
Hanwha Solutions aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials. The company operates its business through three divisions: Qcells, Chemical, and Insight. The Qcells Division offers total energy solutions from photovoltaic module manufacturing, power plant operation to electricity retailing service. Long recognized as a prominent leader in the chemicals industry, the Chemical Division is growing into a global green energy materials company with its cutting-edge solutions for eco-friendly materials. The Insight Division is providing differentiated solutions through comprehensive development and fnancing for projects such as cities, smart green industrial complexes, renewable energy, premium real estate and premium content. With its innovative technologies for sustainable growth, Hanwha Solutions strives to become a global leader in bringing a better future for humanity.
For more information, visit: www.hanwhasolutions.com/en/
Hanwha Qcells
Hanwha Qcells (Hanwha Solutions Qcells division) is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells, and modules, a portfolio of intelligent storage systems, and a growing international pipeline of large-scale renewable energy projects. Hanwha Qcells also provides renewable electricity retail services and packages to end customers the world over. The company is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Hanwha Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting, and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East, Hanwha Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.
For more information, visit: www.qcells.com/us/
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